Overview
What is Dallas Scottish Rite Library & Museum Inc?
Dallas Scottish Rite Library & Museum Inc is a nonprofit organization that offers various services for both its Scottish Rite members and the general public. One of their primary objectives is to provide educational opportunities for college students attending institutions through scholarships. Additionally, they maintain a Scottish Rite Library and Museum, which serves as a valuable resource for both members and non-members, fostering learning and knowledge expansion. Furthermore, the organization extends its charitable reach by offering sponsorships to various causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39%, Zero-Star out of Four Star rating.
The Dallas Scottish Rite Library & Museum Inc has received a low rating of 39% from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. While the organization has a fully independent board, the lack of financial statements and poor program expense ratio raises red flags about its overall accountability and financial health.
Despite some positive attributes, such as the presence of a conflict of interest policy and whistleblower protections, the charity's liabilities to assets ratio of 32.47% further underscores potential financial instability. The organization spends only 21.19% of its budget on program expenses, suggesting that a substantial portion of its funding may not be directed towards its mission-related activities.
Overall, the combination of low financial transparency and limited program funding detracts from the Dallas Scottish Rite Library & Museum Inc's credibility as a nonprofit organization, making it essential for potential donors to exercise caution before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Scottish Rite Library & Museum Inc legitimate?
Dallas Scottish Rite Library & Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Scottish Rite Library & Museum Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Dallas Scottish Rite Library & Museum Inc?
The Dallas Scottish Rite Library & Museum Inc's mission is centered around two key aspects. Primarily, it aims to offer scholarships to students who are pursuing their education at college. Secondly, it maintains a Scottish Rite Library and Museum, providing educational benefits to both Scottish Rite members and the general public. Additionally, the institution extends charitable sponsorships.
What is the revenue of Dallas Scottish Rite Library & Museum Inc?
Dallas Scottish Rite Library & Museum Inc's revenue in 2023 was $388,557.
Who are the executives of Dallas Scottish Rite Library & Museum Inc and what are their salaries?
There 7 volunteers at Dallas Scottish Rite Library & Museum Inc.
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Where can I find the form 990 for Dallas Scottish Rite Library & Museum Inc?
Dallas Scottish Rite Library & Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dallas Scottish Rite Library & Museum Inc
Dallas Scottish Rite Library & Museum Inc is committed to two significant missions. Firstly, it provides scholarships for students pursuing higher education at colleges. By offering financial aid, the organization aims to support the educational aspirations of numerous individuals, fostering a future generation of knowledgeable and skilled individuals.
Secondly, Dallas Scottish Rite Library & Museum Inc preserves and maintains a Scottish Rite Library and Museum. This institution serves as a valuable resource, offering educational benefits to Scottish Rite members and the general public. By providing access to this library and museum, the organization encourages lifelong learning and promotes an appreciation of Scottish Rite history and culture. In addition, Dallas Scottish Rite Library & Museum Inc extends charitable sponsorships, further contributing to its mission of fostering education and knowledge.
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Impact
July, 2024
Dallas Scottish Rite Library & Museum Inc provides scholarships for college students attending, maintains a Scottish Rite Library and Museum to offer educational benefits for Scottish Rite members and the general public, and offers charitable sponsorships. Their impact includes supporting the educational pursuits of students, preserving Scottish Rite history and culture through their library and museum, and fostering charitable initiatives in the community. In doing so, they contribute to the enrichment of individuals through education, cultural awareness, and philanthropy.
This information is meant to be a general summary of Dallas Scottish Rite Library & Museum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,198
- Gross Receipts: $465,012
Assets and Liabilities:
- Total Assets: $4,514,780
- Total Liabilities: $1,466,121
- Net Assets: $3,048,659
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Organization Details
Founding Year
1987
Principal Officer
Michael Wiggins
NTEE Category
Code: A54 - Arts
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